Desire Inspires
New member
Real talk:Rapper 50 Cent Files for Bankruptcy After Sex-Tape Lawsuit - Bloomberg Business
Who would have thought this would happen?
Who would have thought this would happen?
Says Fif’s attorney William A. Brewer III:
“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests. Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case. This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.”
Hours after news broke that 50 Cent filed for bankruptcy, he spoke to E! about the proceeding.
I’m taking the precautions that any other good businessperson would take in this situation. You know when you’re successful and stuff, you become a target. I don’t wanna be a bulls eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.
Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy. It means you’re reorganizing your finances, but it does stop things from moving forward that you don’t want moving toward. I got a decent legal team. You don’t have to worry.